Now Rich Dad, Poor Dad has sold millions of copies to date. The large sales numbers he was able to achieve led to a deal with a publisher and the rest is history. Later I learned that Robert had self-published this book years earlier and it became quite popular in the MLM/network marketing world. Related: 75 Best Books to Boost Your Productivity Like I said, I first figured out about Rich Dad, Poor Dad from this MLM I was involved in. My short-lived time in network marketing was actually with a company that basically evolved from Amway, so I don’t hold them in very high regard, but for now, this is about facts, not my opinion. Robert was involved with a company called Amway. Let’s talk about some more of the things he is considered a fraud for… Kiyosaki, Amway and Rich Dad, Poor Dad So that shows he has the ability to make money and he apparently has an effective mindset. He filed for bankruptcy, lost it all, then came back to being a millionaire. Before we go on, I think it’s important to point out that Kiyosaki has been a millionaire a few times.
So you can see that bankruptcy is not new to him and it might not be the last time he has to file for it, but does that make him a fraud? I guess that depends on what the word “fraud” means to you, but there is more to the story. We got hit for what we think is a completely outlandish figure.” I can’t do anything about a $20 million judgment. We have a few million dollars in this company, but not 16 or 20. “Robert and Kim are not paying out of personal assets.
He then decided to join his competitors and work together, which ultimately brought his business back to life for a while, but it still ended up going south.Ĩ Books That Seriously Changed My Life and My Finances His company fell apart, leaving him bankrupt, mostly due to overseas competition putting him out of business. If you’ve read his books, you know that Robert started a nylon Velcro wallet company in the 1970s. Here’s what I learned… Robert Kiyosaki’s Bankruptcy That’s when I decided to do my own research. Related: 75 Must-Read Personal Finance Books (Hand Selected) If I’m going to learn from someone, I want to make sure they have achieved the results I am looking for otherwise, I’ll go find someone who has. Most successful people do, so I didn’t think much of it, but then I read that he may be a fraud.įurthermore, I learned that he may not practice what he preaches and that’s a big deal to me. A few years later, I started to notice that Robert had his fair share of naysayers. I felt like it changed my mindset – mostly the way I thought about money and college. I figured out about the book through a network marketing business I was involved with, though that didn’t really end well. Rich Dad, Poor Dad, the most popular book Robert Kiyosaki has authored, was one of the first books I read on finances.
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